Funding News

Weekly Funding Highlights – 19 April 2023

New week – new closed funding rounds. This week’s funding highlights cover personal finance, AI software, data, security,  and many more! Take a look at some major investments of this week.

Porch Group secures $333m convertible notes financing
Porch Group, a vertical software company reinventing the home services and insurance industries, has secured $333m in convertible notes financing. Seattle-based Porch Group provides software and services to approximately 30,900 home services companies, such as home inspectors, moving companies, loan officers, title companies, real estate agencies, utility companies, and warranty companies. Through these relationships and its multiple brands, Porch Group provides a moving concierge service to homebuyers, helping them save time and make better decisions on critical services, including insurance, warranty, moving, security, TV/internet, home repair and improvement, and more. Read more

SME Finance secures €100m credit facility from London’s Fasanara Capital
Lithuanian debt financing firm SME Finance has secured a €100 million credit facility from London’s Fasanara Capital. The latest funding brings the total committed from Fasanara to €240 million. SME Finance CEO Mindaugas Mikalajūnas says the new credit facility extension “will help us greatly in making finance accessible for every business”. Read more

Credit card start-up Yonder bags £62.5m in equity and debt funding
UK-based credit card fintech Yonder has secured £12.5 million in equity and £50 million in debt as part of its Series A funding round. The round was co-led by Northzone and RTP Global and featured participation from a number of angel and existing investors. The fresh funding gives Yonder a post-money valuation of more than £70 million. Read more

Safe Security collects $50m in its Series B
AI-based cyber risk management SaaS platform Safe Security has collected $50m in its Series B funding round, which was led by Sorenson Capital. Eight Roads, Telstra Ventures, WTI, the venture capital division of Fidelity Investments and all of Safe Security’s existing investors also joined the round. With the close of the round, the CyberTech has raised a total of $100m. Safe Security claims to be the industry’s first AI driven, real-time solution for managing and mitigating cyber risk. Through a data driven approach, Safe supplies organisations an aggregated view of enterprise cyber risk and cybersecurity teams gain visibility across their entire attack surface, technology, people and third-parties. Read more

French expense management firm Mooncard bags €37m Series C funding
French corporate spend management firm Mooncard has raised €37 million in a Series C funding round led by Orange Ventures and Portage. Also taking part in the round were existing investors Aglaé Ventures, Blackfin Capital Partners, Partech Partners and RAISE Ventures. Founded in 2016, Mooncard offers a cloud-based Software-as-a-Service (SaaS) solution that allows firms to automate their corporate spend and expense report activities. It provides Visa-powered spending cards with controls, spend management and approval tools and accounting functionalities. Read more

Cybersecurity platform SpecterOps raises USD 25 mln
US-based cybersecurity platform SpecterOps has secured USD 25 million in Series A funding round. The capital will enable the cybertech to accelerate the adoption of its BloodHound Enterprise (BHE) solution. BHE is allegedly one of the first platforms for comprehensively removing identity attack paths in Microsoft’s Active Directory (AD) and Azure AD. Funds will also be used to expand the company’s research and development initiatives. The new funding will enable SpecterOps to further invest in R&D, grow their team, deliver powerful new features to customers, expand their consulting and training teams, and take their research and open-source projects to the next level. Read more

Next Gate Tech lands €8m in Deutsche Börse-backed raise
Next Gate Tech, a provider of technologies for the financial services industry, has raised €8m in an investment round led by DB1 Ventures. DB1 Ventures is the corporate venture capital unit of Deutsche Börse Group. There was also continued support of existing investors, such as NewAlpha Asset Management, Volta Ventures, Expon Capital, and Seed X. Proprli, a platform that enables property and asset managers to manage their real estate portfolios while complying with ESG objectives, has recently secured £600k in funding. Read more

Decentralised trading platform UXUY lands $3.2m seed
UXUY, a Singaporean next-gen MPC-based decentralised trading platform, has raised $3.3m in a seed funding round. The round saw participation from investors such as Bixin Ventures, WaterDrip Capital, KuCoin Ventures, Pionex, LK Ventures, Arcane Group, Daoverse Capital and Lapin Digital. Through the mnemonic-free and gas-free solutions, UXUY claims it makes it easier for users to get started and conduct cross-chain transactions with a single click. Helio’s solution provides a secure and convenient way for merchants, dApps, and creators to accept instant crypto payments across multiple blockchains, including Solana, Polygon, and Ethereum. The platform offers built-in content paywalling features that allow creators, such as podcasters, YouTubers, artists, NFT projects, media, or platforms to monetize content in a new way and reach a new audience with watch-to-earn models. Read more

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